Global Tourism Continues to Grow and Challenge the Hotel Booking SystemsAccording to WTTC, the global travel & tourism industry is a US$7.6 trillion market, roughly 10% of the world's GDP.

Over decades, hotels need to manage their own booking reservations from many channels and spend long hours sorting out the room availability and customer schedules.

With the rise of various online travel agencies (OTA), hotels must be able to strike a balance between pricing for visibility on major OTA channels and pricing for profitability on their own websites. Hotels also need to better understand their returning customers and adjust marketing strategy more proactively, which incumbent technology solutions cannot fulfill.

By subscribing to OwlNest, hotels can reduce operating costs and improve customer experience and profitabliy via a cloud-based, integrated platform.

OwlNest's scalable design also enables hotels to earn more revenue by adding on-premise services, local experiences and other travel partners to an integrated dashboard, providing an one-stop shopping experience on their own portals (Booking Engine).

OwlNest also supports multiple payment gateways such as credit card, PayPal, Stripe, WeChat, Alipay, Apple Pay, Bitcoin and other cryptocurrencies in the future. Hotels and hoteliers will be able to take full advantage of the online PMS and Booking Engine just like the Amazon Web Services (AWS) for small businesses, anytime, anywhere.

Taiwan as an Innovation Island for the Global Blockchain Industry"OwlTing is an important strategic investment in our investment portfolio," said Thomas Hu, founder and CEO of Kyber Capital. "Builidng a sustainable business model by solving real problems is the central issue facing the global blockchain industry.

About OwlTingOwlTing is a technology company focusing on e-commerce and blockchain. OwlTing's services include social platform, marketplace, global travel experiences and blockchain solutions. OwlTing's global travel experiences platform is already the top & fastest-growing travel platform in Asia since its launch in 2017

In 2017, OwlTing has released the world's first Ethereum-based food provenance system OwlChain in May and launched the world's first blockchain hotel management service OwlNest in November.

Headquartered in Taipei, Taiwan, OwlTing operates globally with branch offices in USA, Japan and Malaysia. We will further expand to Europe in 2018.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

UAE. Investments in Machine Intelligence & Autonomous Vehicles will continue to grow and change the way we experience the world; The online survey was completed with an audience of 400 "tech elites" and 1,000 general population respondents.

UAE. Business leaders from the UAE gathered together at an ACCA event in collaboration with Thomson Reuters which took place in Abu Dhabi and Dubai to discuss the first 100 days of VAT in the UAE and how organisations can navigate adoption challenges.

UAE. Investments in Machine Intelligence & Autonomous Vehicles will continue to grow and change the way we experience the world; The online survey was completed with an audience of 400 "tech elites" and 1,000 general population respondents.